The WATER Program supports the Philippine Development Plan (PDP) 2017-2022 in its aim to
increase the percentage of households with access to safe water supply. It also supports the United Nations’ Sustainable Development Goal (SDG) No. 6: Ensure access to water and sanitation for all. By 2030, the Program is expected to have financed Php 30-Billion of investments in water supply projects.
Program Objectives
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- To contribute to the provision of safe and affordable water supply through financing to help achieve inclusive growth and poverty reduction
- To provide credit assistance to water service providers in their investment requirements in
order to provide safe, reliable and affordable water services
Eligible Borrowers
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- Local Government Units (LGUs)
- Water Districts
- Private Corporations
- Private Water Service Providers
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Eligible Projects
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- Source development for distribution or for bulk water supply.
- Water transmission and/or distribution system rehabilitation, expansion and upgrading.
- Development/installation of water treatment facilities/equipment.
- Investment for Non-Revenue Water reduction or other efficiency-enhancing measures, such as but not limited to computerization of accounts, billing and collection system, installation of energy-saving equipment.
- Purchase of necessary tools and equipment such as but not limited to generator sets, service vehicles, trucks, water leak detector including construction or rehabilitation of existing non-network facilities (e.g. office building, warehouse) to improve efficiency and service delivery.
- Investment for Climate Change Adaptation Technologies (e.g. rain water collection system)
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Eligible Expenditures
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- Capital Investment
- Working capital requirement
- Interest during construction
- Refinancing of existing loan
- Consultancy services
- Project Preparation Activities (i.e. feasibility study, detailed engineering design)
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Loan Features
Equity Participation
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- Private corporations – minimum of 30% based on total project cost
- Water Districts, Local Government Units, Associations and Cooperatives – minimum of 10% based on total project cost
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For Water Districts and LGUs, DBP may finance up to 100% of the proposed project provided that safety measures are in place, such as, the loan is fully secured, all receivables are assigned in favor of DBP, ADB requirement is imposed, DBP is a major depository bank, etc.
Interest Rate
Interest rate shall be based on the existing DBP circulars on lending rates while the credit spread shall be based on the Borrower Risk Rating (BRR).
Loan Term
The term of the loan shall be based on the project cash flows or depending on the source of fund. The mode of repayment shall be monthly or quarterly depending on the cash flow of the project and/or the business
Documentary Requirements
The checklist of requirements for the technical due diligence of the proposed project under the WATER Program is listed under Annex B.
For loan application, you may contact the lending units near you:
Metro Manila Lending Groups
Corporate Banking Group
Tel. Nos.: (02) 8812-6536
E-mail: cbg@dbp.ph
Corporate Banking I Department
Tel. Nos.: (02) 8893-8940
E-mail: cbd1@dbp.ph
Corporate Banking II Department
Tel. Nos.: (02) 8892-8369
E-mail: cbd2@dbp.ph
Financial Institutions Department
Tel. Nos.: (02) 8818-9511 loc. 3317
E-mail: fid@dbp.ph
Public Sector Department
Tel. Nos.: (02) 8815-0908
E-mail: psd@dbp.ph
SME Retail and Mid-Market Lending Group
Tel. Nos.: (02) 8893-1177
E-mail: smermmlg@dbp.ph
Middle Market I Department
Tel. Nos.: (02) 8818-9511 loc. 3322
E-mail: mmd1@dbp.ph
Middle Market Il Department
Tel. Nos.: (02) 8818-9511 loc. 3313
E-mail: mmd2@dbp.ph
SME (NCR) Department
Tel. Nos.: (02) 8812-9932
E-mail: smed@dbp.ph
Provincial Lending Groups
Kindly proceed to this link.